eDDA Deposit Guide

1.What is eDDA(Electronic Direct Debit Authorization)?

eDDA Deposit is a fast deposit method based on "FPS". After completing the bank account authorization, the customer can initiate a deposit in Webull APP, and the funds will be transferred from the bank account into the Webull account.

* eDDA currently supports HKD only.

2. Advantages of eDDA

Secure: A secure transfer service jointly provided by Webull and HSBC. With deep system integration between the broker and banks, customer identity verification is required for every account authorization and fund transfer. The process complies with the regulatory requirements of the SFC and HKMA.

• Instant: 24/7 deposit service available, with funds credited within 5 minutes (as fast as 1 minute).

• Free of charge: The authorization of eDDA and the deposit service are free of charge.

• Convenient: Under general circumstances, customers can initiate deposit instructions via the APP without visiting the bank or uploading fund transfer receipts.

• Wide Coverage: Supports most major Hong Kong banks.

2.1 Supported Banks for eDDA

• HANG SENG BANK LIMITED

• THE HONG KONG & SHANGHAI BANKING CORPORATION LIMITED

• BANK OF CHINA（HONG KONG）LIMITED

• STANDARD CHARTERED BANK (HONG KONG) LIMITED

• CMB WING LUNG BANK LIMITED

• ANT BANK (HONG KONG) LIMITED

• AGRICULTURAL BANK OF CHINA LIMITED (HONG KONG BRANCH)

• CHINA MERCHANTS BANK CO., LTD. (HONG KONG BRANCH)

• INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED

• AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

• NANYANG COMMERCIAL BANK, LIMITED

• CHINA CONSTRUCTION BANK (ASIA) CORPORATION LIMITED

• SHANGHAI COMMERCIAL BANK LIMITED

• CHIYU BANKING CORPORATION LIMITED

• FUBON BANK (HONG KONG) LIMITED

• PUBLIC BANK (HONG KONG) LIMITED

• SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD.

• ZA BANK LIMITED

• CHINA CITIC BANK INTERNATIONAL LIMITED

3. Authorisation & Deposit Procedures

3.1 Authorisation & Deposit Procedures

Steps: Webull APP >> Webull Logo >>Transfer>> Deposit >>Deposit HKD >>Add Bank Account>>Select a bank account and Authorization Opening

3.2 Deposit Process

Once authorization is activated: Webull APP – Webull Logo – Transfer – Deposit – Deposit HKD – Select your authorised eDDA bank account – Submit deposit request

4. Deposit Arrival Time

Funds are normally credited within 5 minutes of submission, with arrival times as fast as 1 minute.

5. Fees

eDDA authorization and deposit are completely free of charge

6. Revoke Authorization

To terminate your eDDA authorisation, please contact your issuing bank directly. Cancellation via the Webull APP is currently not supported. After cancelling the authorisation at your bank, please reach out to Webull Customer Service for further assistance.